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Search Results 0 to 49 of about 608 (some duplicates have been removed)
. not because there hasn't been pain and tax rises and cuts affecting every family in this country. not because they didn't want to cut it borrowing. they did. not because your services aren't getting worse. they are. but because if you stop an economy growing, then it leaves more people out of work claiming benefits, not paying taxes. businesses struggle so they're not paying taxes. and as a result borrowing goes up. borrowing not to invest in schools, in hospitals, transport and education. but borrowing to keep people idle. so the next time you hear a conservative say to you labour would increase borrowing, just remember it is this government that is increasing borrowing this year. [applause] so what have we seen? we've seen recession, higher unemployment, higher borrowing. i don't think that's what people were promised. now look there will be some people who say, and this is an important argument, they'll be some people who say, well there is short-term pain but it is worth it for the long-term gain. but i'm afraid the opposite is true. you see that the longer you have low growth in our coun
to pay taxes, we should not be using taxes to reward people who fail. we should be using them to reward people that want to work. everybody in this country should succeed, not just people in government. host: president obama gave an address yesterday talking about how congress should act to keep taxes low. let's take a listen. >> 97% of small-business owners will not see their taxes go up next year. this is something everybody says they agree on. it should have gotten done months ago. republicans in congress are standing in the way. there are holding tax cuts for 98% of americans hostage until they pass tax cuts for of the richest 2%. congress needs to step up and provide every responsible homeowner a chance to save $3,000 a year on mortgage at refinancing at lower rates. i give them a plan to do that in february. it is a plan that has the support of independent nonpartisan economists. republicans will not let it come to a vote. ask them how that helps homeowners. congress needs to step up and pass my plan to create a job corps to help our returning heroes find jobs as cops, firefighter
budget plan mitt romney supports actually does. more huge tax breaks skewed to the wealthy. while e cutting nearly eight hundred billion from medicaid... even though middle-class families rely on medicaid to help loved ones cover nursing-home care. and it helps parents support children with disabilities. if mitt romney really "cares," wouldn't we see it inin his priorities? according to an independent, non-partisan study, barack obama and the liberals will raise taxes the mdle class by $4,000. the same organization says the plan from mitt romney and common sense conservatives is "not a tax hike on the middle class." want proof? read the non-partisan study orfor yourself at american.co. obama and his liberal allies? we can't afford four more years.s. i'm mitt romney and i approve this message. >> welcome back to battleground virginia. of economy is at the center election, and at the center of the economy is small business. talk a lotpaigns how they are going to help small businesses. visited one in loudon county. let's take a look. >> loudon county, virginia, has history of bootleg w
, earning more money and paying taxes and that's by far the most effective and efficient way to get this budget balanced. >> paul: welcome to the journal editorial report. i'm paul gigot. a big night in denver on wednesday, as president barack obama, and mitt romney met for the first presidential debate and the candidates sparred as you heard over taxes and the deficit as well as health care. wall street reform and the role of government. with mitt romney taking some sharp shots at the president's record these past four years. >> we're seeing right now is, in my view, a trickle down government approach which has government thinking it can do a better job than free people pursuing their dreams and that's not working the. proof of that is 23 million people out of work and the proof one out of six people in poverty, the proof 32 million on food stamps to 47 million on food stamps the proof of that 50% of college graduates this year can't find work. >> paul: there's little doubt romney's commander performance helped the g.o.p. ticket. the question is, how much? let's ask wall street jou
you later on in the show and tonight's vice presidential debate, the tax discussion will be a key issue, the so-called $5 trillion tax cut for rich people. now, take a listen to former senator alan simpson in an exclusive interview only on cnbc today. >> you have a situation where grover norquist has obtained this pledge in the '80s, in the early '90s, he got this pledge that you wouldn't raise taxes under any circumstances unless they are commensurate with spending cuts and those guys are enthralled to him. >> best way to take that on is to reform the tax code, to broaden the base and simplify the code, to wipe out these tax expenditures and use that money to reduce rates. >> well, all right. lo looks like bowles supports the grover norquist idea which is the romney idea. sounds like simpson, as usual, is being very crotchety. let's get to the two guests to get to the hoe-down. dean baker from the center for economic and policy research and the aforementioned grover norquist, president of americans for tax freedom. first of all, grover, what is alan simpson talking about? >> well
made sure that we cut taxes for the middle class, and in addition to that, when that occurred, what did romney do? romney said no, let detroit go bankrupt. we moved in and helped people refinance their loans. governor romney says 47% of the american people are unwilling to take responsibility of their lives. my friend said 30% are takers. these people are my mom and dad, my neighbors. they pay more tax than governor romney pays. they are elderly people who in fact are living off of social security. there are veterans who are not quote not paying taxes. i've had it up to here with this notion -- instead of signing pledges not to ask the wealthiest among us to contribute to bring back the middle class, they should be signing a pledge saying to the middle class, we're going to level the playing field. we're going to give you a fair shot again. we are going to not repeat the mistakes we made in the past by having a different set of rules for wall street and main street. making sure that we continue to hemorrhage these tax cuts for the super wealthy. they're pushing the continuation of a tax
away from fundamentally every position that he had taken. you cannot cut taxes by $5 trillion, as he's doing, and simply say, oh, i don't have that tax cut. i'm not going to cut taxes for the wealthy when the average high-income earner is going to get a $250,000 tax cut. >> let me stop you right there because the romney campaign has a new ad out just on that point and say the president and his team are aligned when they call it a $5 trillion tax cut. >> president obama continues to distort mitt romney's economic plan. the latest, not telling the truth about mitt romney's tax plan. the ap says it doesn't add up. abc news, "mostly fiction." even the obama campaign admitted it it wasn't true. >> well, okay, stipulated it won't be near $5 trillion. >> so does the campaign now accept that the cuts will be less than $5 trillion? >> no, absolutely not. i mean, look, if you're going to reduce the bush tax rates by 20% in the estate tax, in the amt, change the corporate rate and a whole host of other changes, that adds up in a reduction of revenue. the question for governor romney is what loo
does. more huge tax breaks skewed to the wealthy. while cutting nearly eight hundred billion from medicaid... evenug though middle-class families rely on medicaid to help loved ones cover nursing-home care. and it helps parents support children with disabilities. if mitt romney really "cares," wouldn't we see it in his priorities? alexis douglas: i can remember when i was youer and... my family was not necessarily financially stable. we were poor. anncr: then alexis got a job at the mgm casino in michigan. and it changed her life. alexis: i started as a wardrobe clerk. but then i was able to work my way up. i got a 401k, i have health insurance... and i make great money. anncr: imaryland, question seven will create... twelve thousand jobs. from hotel and restaurant staff to accountants... and construction workers. alexis: ifif you want a great place to work with good pay... and eat benefits, vote for question seven. [ malemannouncer ] who will raise taxes on the middle class? according to an independent non-partisan stud barack
wolf blitzer and when wolf asked him to get specific on tax cuts, here's what happened. >> even though you're going to lower the income tax rates for people making let's say more than $250,000 a year, but you're going to eliminate some loopholes and deductions, exemptions, tax credits, is that what i'm hearing? >> that's right. i'll bring the rate down across the board. but eliminate or limit, rather, deductions or credits and exemptions and so forth, particularly for people at the high end, because you have to do that to make sure that distributionally we continue to have the high-income people still pay the same share, the high share they pay today. >> would that add up to the $4.8 or $5 trillion that's been estimated -- your comprehensive tax reductions would cost? >> well, actually, the president's charge of a $5 trillion tax cut is obviously inaccurate and wrong, because what he says is let's look at all the rates you're lowering, and then he ignores the fact i say we're also going to limit deductions and credits and exemptions. he ignores that part. obviously, that was corrected
, going so far as to reform the tax code, everything you want. do you think that's what's going to happen? >> i think that could happen, regardless who is president because the markets are going to begin to rattle their chains, it will be like a dungeon, say, look. >> why haven't they rattled? >> they're waiting for this to pass. >> anything could happen. >> they look at america as some the stupidest people on earth if they're going to let go over the cliff when you have a mindless sequester of 600 billion on defense, 600 billion with an ax, they're going to say you're dysfunctional and we want more money for our money and inflation kicks up and the guy that gets hurt the worse, the little guy that everybody talks about day and night. >> a funny thing happened on the way to the debate. neither candidate getting a question on that fiscal cliff. and so, if they are talking about it, as a time for taxpayers to start worrying about it? to ben stein, gerri willis and ben stein and charlie gasperino. >> people have to figure 0 this out. 90% of american households here are going to find some kin
interview, he talks about his tax plan, his 47 comment and what he would do about iran's nuclear program. and paul ryan pumps iron. jeannie moos takes a look at those controversial workout photos. i'm wolf blitzer and you're in "the situation room." >> we begin with a dramatically changed political lancape as we head into tuesday's second debate between president obama and governor romney. poll after poll shows momentum building behind the romney/ryan tukt and there's pressure on the president now to wrap up his game for the three-week sprint to election day. let's bring in our correspondent, we're getting reaction to the vice presidential debate, more comments coming in. but the president has his mission cut out for him right now. dan? >> he really does. we just have to look back to right after the debate where the president turned up his volume, strongly aggressively going after his gop opponents. but what we saw this week at the university of miami on thursday at a big rally there was the president even turning up the volume a bit more. attacking mitt romney for what the president say
about his position and let's start with taxes. governor, the president keeps saying that mitt romney is proposing a $5 trillion tax cut. that is not true. >> well, chris, wait a minute here. the governor -- former governor romney is proposing a 20% cut to income taxes, including income taxes for the wealthiest of americans. and, i believe a 30% cut for corporate income taxes, including big all, socking all of us at the pump, right now and any economist may debate whether it adds up to $4.9 trillion or $5 trillion and the fact of the matter. >> clayton: in this debate we saw big bird meet the big lie. those tax cuts, there are costs to those tax cuts, the biggest driver to our deficit... >> chris: if i may, sir, you are talking about half the planet like talking about obama's jobs plan, the entire plan is to give more money to teachers and, that is not obama's plans and similarly you are mischaracterizing the romney plan, saying, it is -- you are right, $5 trillion by lowering the tax rate but he talks about cutting loopholes... >> oh, chris, which loopholes and which deductions? sena
ahead and cut taxes for the middle class, and in addition to that, when that occurred, what did romney do? he said, no, let detroit go bankrupt. we moved in and helped people refinance their homes. governor omney said, no, let foreclosures hit the bottom. it's not surprising for a guy who says 47% of the american people are unwilling to take responsibility for their own lives. my friend in washington said 30% of the american people are takers. these people are my mom and dad, the people i grew up with, my neighbors. they pay more effective tax than governor romney pays in the federal income tax. they are elderly people who, in fact, live off of social security. there are veterans and people fighting in afghanistan right now, quote, not paying any taxes. i had it up to here with the notion that 47% -- it's about time they take some responsibility here, and instead of signing pledges to grover norquist not to ask the wealthiest among us to bring back the middle class, they should sign a pledge saying to the middle class we'll level the playing field giving you a fair shot again. we are
it to a poll tax, they said this was a poll tax and would be voter suppression in texas and would not be happening there. like they are utilizing in other states. >> okay. so -- in the state of rhode island which i think -- my home state which is pretty controlled by the democratic party, they didn't see too much outrage there when they did it. i think when you look at every poll that's ever come out, 70% to 80% of americans support this, so i think that somehow equate showing a photo i.d. which in most states is given -- free if there is an issue with the person's economic condition, then somehow requiring people to show the same type of thing had would be required to get government assistance and get on an airplane and try government building and is actually a common sense move to ensure we maintain the integrity -- >> the basic right of an american isn't to fly, is it? >> i don't understand your question. >> your basic american right in certain things is to be able to vote. >> i don't understand how -- entering a government building, getting government benefits, things like tha
and rescued general motors. we went ahead and made sure that we cut taxes for middle class. and in addition to that, when that occurred, what did romney do. romney said no, let detroit go bankrupt. we moved in and helped people refinance their homes. governor romney said no, let foreclosures hit the bottom. but it shouldn't be surprising for a guy who says 47% of the american people are unwilling to take responsibility for their own lives. my friend recently in a speech in washington said 30% of the american people are takers. these people are my mom and dad. the people i grew up. my neighbors. they pay more effective tax than governor romney pays in his federal income tax. they are elderly people who, in fact, are living off social security. they are veterans and people fighting in afghanistan right now who are, quote, not paying any taxes. i have had it up to here with this notion that 47%-- it's about time they take some responsibility here. and instead of signing pledges to grover norquist not to ask the wealthiest among us to contribute to bring back the middle class, they should be si
at the busy week that was. >> there aren't enough rich people and small businesses to tax to pay for all their spending. >> with all due respect, that is a bunch of malarkey. >> what words came out are not what i meant. >> wow, here's old moderate mitt. >> with more assets, more resources, we could have and should have saved the life of ambassador stevens. >> is it true that you voted to cut the funding for embassy security? >> absolutely. >> politics ruled this week that was, but the vp showdown, that took the cake. of course, sprinkled with a few zingers. >> i think the vice president very well knows that sometimes the words don't come out of your mouth the right way. >> zing. >> lower tax rates increase growth. >> oh, now you're jack kennedy. >> zing. >> this is a bunch of stuff. look, here's the deal -- >> what does that mean, a bunch of stuff? >> it means -- >> zing. >> as for that first debate. >> i think it is fair to say, i was too polite. >> not an issue with these guys. >> turped into this sparring and it was very, very personal. >> personal and partisan. >> you have to be kidd
. "i'm not in favor of a $5 trillion tax cut. that's not my plan." mitchell: "the nonpartisan tax policy center concluded that mitt romney's tax plan would cost $4.8 trillion over 10 years." vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? silverado! the most dependable, longest lasting, full-size pickups on the road. so, what do you think? [ engine revs ] i'll take it. [ male announcer ] it's chevy truck month. now during chevy truck month, get 0% apr financing for 60 months or trade up to get the 2012 chevy silverado all-star edition with a total value of $8,000. hurry in before they're all gone! >> i want to bring the conversation to the state of our economy, the number one issue here at home is jobs. the percentage of unemployed just fell 8% for the first time in 43 months. the obama administration had projected that it would fall below 6% now after
he said that cutting taxes should not be part of negotiation of tax reform. i wonder if those comments in any way reflect the democratic stance. >> the president made clear that he supports tax reform broadly, but senator schumer is making an important point, that the wealthiest must pay their fair share. he is making the very clear point the president has made and others have made that it is fanciful thinking to imagine that you can give more tax cuts to millionaires and billionaires, and that the pixie dust of trickle-down economics will somehow erase any damage to the deficit or hold harmless the middle class -- it is a mirage. it is not realistic. the broader issues of tax reform are something that very much interest the president of united states, but has always -- his approach is always that everyone has to pay their fair share, everyone has to pay their -- everyone has to get a fair shot. in the debate he is having with the election and has been having with republicans on capitol hill, if we take a balanced approach that includes increased revenues by asking millionaire
independence policy means more than three million new jobs. many of them in manufacturing. my tax reform plan to lower rates for the middle class and for small business creates seven million more. and expanding trade, cracking down on china and improving job training takes us to over 12 million new jobs. i'm mitt romney, and i approve this message. >> this is abc 7 breaking news. >> we are following breaking news. >> a tree has fallen onto a truck. you can see the pictures live from the chopper. this happened about 30 minutes ago on connecticut avenue at randolph road. we're told nobody was hurt. county crews are on their way to clear the tree. connecticut avenue will be closed until the rest is cleared. you can see the damage to the truck. you can see the tree on top of another vehicle on the top part of the screen. we will have more details through the newscast. >> a man shot in a confrontation with police in silver spring has died. >> this happened after police say the man tried to force his way into a home where his girlfriend is a live-in nanny. >> montgomery county police go
taxes next. i'm going to let governor romney explain this for himself. >> well, i've made it pretty clear that my principles are number one, simplify the code, number two, create incentives for small businesses and large businesses to grow. number three, don't reduce the burden on high-income taxpayers. and number four, remove the burden somewhat from middle income people. >> now, you can get all that done in four years we'll have a bran new tax code by 2016. again, it's bold. everybody talks about doing it but nobody's done it really since reagan. finally let's take a look at the deficit. romney is planning to cut a lot more than funding to big bird and pbs. his plans include repealing obama care, reducing foreign aide and privatizing amtrak. you may notny that's that big of a deal. i use it all the time. romney says privatizing it will save $1.3 billion. the budget is made up a lot of small things. however he does it, his goal is to reduce government spending to 20% of gdp. gdp is the biggest measure of everything we produce in society. he wants to do that by the end 6 his first t
immediately rescued general motors. we made sure we cut taxes for the middle class and in addition to that, and when that occurred, what did romney do? romney said, no, let detroit go bankrupt. we helped people refinance their homes. governor romney said, no, let foreclosures hit the bottom. it shouldn't be surprising for a guy that says 47% of the american people are unwilling to take responsibility for their own lives. my friend recently said 30% of the american people are takers. these people are, my mom and dad, the people i grew up with, my neighbors. they pay more taxes than governor romney pays in his federal income tax. they are elderly who are living off of soecial security. they are veterans. i've had it up to here with this notion that 47% -- it's about time they take some responsibility here. and instead of signing pledging to grover nord quist not to ask the wealthiest to contribute to bring back the middle class, they should say to the middle class, we're going to level the playing field. we're going to give you a fair shot again. we are going to not repeat the mistakes we ma
on foreign policy, it depends. it was also on their attitude of what constitutes a fair tax code, what is a reasonable budget, whether or not you will be cutting the budget. congressman ryan says that, even though he passed the ryan budget through the house of representatives, which did not become law, he drastically cut across the board 19%, in eviscerating education and so many other things. he said, no, no, that is not a cut. he said it is a smaller increase. i want to tell that all to your parents when they don't take a $2,500 tax credit next year if they win could tell that to the two hundred thousand kids who will be kicked off of early education. on taxes and make you go back and look, paul ryan is saying his budget really is not a budget cut. that is like governor romney standing in an unemployment line and say, i did not outsource your job, i offshore it. that is the distinction they make. [applause] when i point out that governor romney, who is a great businessman, did the bain way, the lowest wages, the cheapest community that you can find, and then move there, offshore, out
construction workers back to work. why? it would have been an increase in taxes, not for most people, but for those who make a million dollars or more. making the investments in education, making the investments in research, and we make those investments together and build a future. that is what it will take over the long run to build a stronger future here in western massachusetts, all across the commonwealth, and all across the country. >> thank you. before i start, i want to thank the mayor for your endorsement and support. thank you both for coming. this is actually about jobs and economy. the whole race is about that. we held one of our first jobs fares here because we want to connect people with jobs. when you put a title on a bill in washington that says jobs bill, you have to read the bill. those bills in particular were rejected in a bipartisan manner, and that means democrats and republicans recognize that by taking for under $50 billion in taxes out of the private sector and giving it to washington to increase government spending, that is not the answer. the best answer is
the state gas tax and montgomery county is in dire need of transportation funding. the condition council met with business leaders today, one of the hot topics, a possible county wide gas tax. lauren demarco has that story. >> when i pulled up and i saw $4.09, oh my goodness. >> steadily increasing for the last seven weeks. it's unlikely maryland legislators would agree to an increase on the state's gas tax. the president of the montgomery county council wants to take the matter into his own hands. >> if the state does not have the political will to do this, i'm saying local governments, like montgomery county, has to be able to move forward on their own. >> roger wants the state to give county lawmakers the authority to raise g taxes. the county would retain 100% of the revenue. with funding going toward road improvement projects and public transportation like the purple line and the corridor city's transit way, a proposed rapid bus line between shady grove and clarksburg. >> many communities don't share the priorities. they don't have the transit needs we have. they have needs for ma
trillion tax cut to the american people, and you've got a -- not personally by name, but we now know it was you. let's just play a clip of this and see what your reaction is. >> well, actually, the president's charge of a $5 trillion tax cut is obviously inaccurate and wrong, because when he says this, let's look at all the rates you're lowering, and then he ignores the fact that i say we're also going to limit deductions and credits and exemptions. he ignores that part. obviously that was corrected by his deputy campaign manager, who said that she stipulated that in fact, the $5 trillion number was wrong. it's completely wrong. >> he's talking about you there, stephanie. >> he is. >> he says that you said it was wrong. >> that's right. right. piers, i'm really glad you brought that up. so there's this thing called math and here are mitt romney's tax cuts. if you add up lowering the tax rate by 20%, eliminating the alternative minimum tax, repealing the high income payroll, repealing the estate tax, and lowering taxes for corporations, that totals $5 trillion. so that's mitt romney's
Search Results 0 to 49 of about 608 (some duplicates have been removed)